Rmseed On NCDEX Settled Up 1.07% At 3974

Rmseed on NCDEX settled up 1.07% at 3974 on improvement in demand as fall in temperature shifts crude oil customers to rm seed oil. The demand amongst the buyers is seen rising at the prevailing levels. Moreover, fall in temperature in the major mustard oil consuming region of the country may boost demand for mustard oil crushing. The rabi sowing in the largest mustard producing state, Rajasthan has started. According to government data, Rajasthan has sown 13.7 lakh hectares as on 24th Oct 2016, up by 191.5% higher compared to last year acreage.

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